RECA RESIDENTIAL EXAM CONCLUDING
REVIEW SHEET PRACTICE SOLUTION
BUNDLED FULLY VERIFIED ONE
HUNDRED PERCENT PASS GUARANTEED
⩥ Life estate.
Answer: Grants life interest to land, exclusive possession of the
land(usually for life of the person).
-Life tenant controls the land during life time, defaults to
assignee when deceased and changes to fee simple.
⩥ Dower rights.
Answer: Grant certain property rights to untitled spouse (whose
name is not on title).
-Life interest in property.
-Right to prevent disposal of property by titled spouse.
-Does not apply to common law relationships.
⩥ Dower consent.
,Answer: Agreement to specific disposition of a property, where
untitled spouse provides agreement that is signed and executed
by a lawyer.
⩥ Dower release.
Answer: Untitled spouse waives any dower rights by signing
legal release that is executed by lawyer.
-Titled spouse is free to do with property as they wish.
⩥ Joint tenancy: 4 conditions.
Answer: Joint tenants hold equal interest in a property, in the
event of survivorship, the interests of the deceased will pass to
surviving owner(s). 4 conditions must exist:
1. Time: Interests all received at the same time.
2. Title: Title obtained from same document.
3. Interest: Same type of ownership interests.
4. Possession: Undivided interest.
⩥ Tenancy in common.
Answer: Two or more property owners, with equal or unequal
shares of the property.
-No rights of survivorship.
, ⩥ Mirror principle.
Answer: When referring to a certificate of title that reflects
accurately and completely the current facts about the title.
⩥ Curtain principle.
Answer: All current registered interests in land appear on
certificate of title.
⩥ Insurance principle.
Answer: Government guarantees accuracy of every title.
-Indefeasibility of title: title is not subject to being annulled,
voided or undone.
⩥ Certificate of title: information shown.
Answer: -Land resignation district, LINC, short legal
description.
-Title number, owners (name & addresses), fee simple.
-Instruments/other interests registered against title.
-Consideration paid for property.
-Municipality for property taxation/land use purposes.
REVIEW SHEET PRACTICE SOLUTION
BUNDLED FULLY VERIFIED ONE
HUNDRED PERCENT PASS GUARANTEED
⩥ Life estate.
Answer: Grants life interest to land, exclusive possession of the
land(usually for life of the person).
-Life tenant controls the land during life time, defaults to
assignee when deceased and changes to fee simple.
⩥ Dower rights.
Answer: Grant certain property rights to untitled spouse (whose
name is not on title).
-Life interest in property.
-Right to prevent disposal of property by titled spouse.
-Does not apply to common law relationships.
⩥ Dower consent.
,Answer: Agreement to specific disposition of a property, where
untitled spouse provides agreement that is signed and executed
by a lawyer.
⩥ Dower release.
Answer: Untitled spouse waives any dower rights by signing
legal release that is executed by lawyer.
-Titled spouse is free to do with property as they wish.
⩥ Joint tenancy: 4 conditions.
Answer: Joint tenants hold equal interest in a property, in the
event of survivorship, the interests of the deceased will pass to
surviving owner(s). 4 conditions must exist:
1. Time: Interests all received at the same time.
2. Title: Title obtained from same document.
3. Interest: Same type of ownership interests.
4. Possession: Undivided interest.
⩥ Tenancy in common.
Answer: Two or more property owners, with equal or unequal
shares of the property.
-No rights of survivorship.
, ⩥ Mirror principle.
Answer: When referring to a certificate of title that reflects
accurately and completely the current facts about the title.
⩥ Curtain principle.
Answer: All current registered interests in land appear on
certificate of title.
⩥ Insurance principle.
Answer: Government guarantees accuracy of every title.
-Indefeasibility of title: title is not subject to being annulled,
voided or undone.
⩥ Certificate of title: information shown.
Answer: -Land resignation district, LINC, short legal
description.
-Title number, owners (name & addresses), fee simple.
-Instruments/other interests registered against title.
-Consideration paid for property.
-Municipality for property taxation/land use purposes.
